Company Update

In brief · summary, not quotable

Riversgold requests ASX trading halt pending announcement on capital raising and material contract for Northern Zone Gold Project.

Full announcement

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Oracle Power PLC (AIM: ORCP), an international project developer, notes the announcement this morning on the ASX by Riversgold Limited ("Riversgold"), the Company's partner in the Northern Zone Gold Project (the "Project" or "Northern Zone").

Riversgold requested a halt in trading of its securities on the ASX effective immediately, pending an announcement regarding a capital raising and a material contract for the Northern Zone. The trading halt will remain in place until not later than commencement of trading on Tuesday 30 September or until the release of the announcement referred to above.

The Company wishes to clarify that Riversgold and Oracle are in discussions regarding a material contract with a firm to progress operations at the Northern Zone and that any further announcement will be made in due course as appropriate.

Oracle Power PLC

Naheed Memon - CEO +44 (0) 20 3580 4314

Strand Hanson Limited (Nominated Adviser & Broker)

Rory Murphy, Matthew Chandler, Rob Patrick +44 (0) 20 7409 3494

St Brides Partners Limited (Financial PR)

Susie Geliher, Isabel de Salis +44 (0) 20 7236 1177

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.